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MassMutual International Equity Fund
mutual fund
MIZIX
Payout Change
Pending
Price as of:
$8.56
+0.03
+0.35%
primary theme
International Large-Cap Blend Equity
MIZIX (Mutual Fund)
MassMutual International Equity Fund
Payout Change
Pending
Price as of:
$8.56
+0.03
+0.35%
primary theme
International Large-Cap Blend Equity
MIZIX (Mutual Fund)
MassMutual International Equity Fund
Payout Change
Pending
Price as of:
$8.56
+0.03
+0.35%
primary theme
International Large-Cap Blend Equity
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.9%
1 yr return
9.4%
3 Yr Avg Return
1.2%
5 Yr Avg Return
4.9%
Net Assets
$120 M
Holdings in Top 10
27.0%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MIZIX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.31%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMassMutual International Equity Fund
-
Fund Family NameMASSMUTUAL FUNDS
-
Inception DateApr 01, 2014
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Harrell
Fund Description
Principal Investment Strategies
The Fund invests primarily in the common stock of companies that are domiciled or that have their primary operations outside of the United States. The Fund is managed by two subadvisers, Wellington Management Company LLP (“Wellington Management”) and Thompson, Siegel & Walmsley LLC (“TSW”), each being responsible for a portion of the portfolio, although they may manage different amounts of the Fund’s assets. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of foreign companies. The Fund may invest up to 100% of its total assets in such securities. The Fund may invest in emerging markets as well as in developed markets throughout the world. From time to time, the Fund may place greater emphasis on investing in one or more particular regions (such as Asia, Europe, or Latin America). Under normal market conditions, the Fund will:
•
invest at least 65% of its total assets in common and preferred stocks of issuers in at least three different countries outside of the United States, and
•
Read More
emphasize investments in common stock of issuers that a subadviser believes to have good
prospects for growth and/or to be undervalued.
The Fund does not limit its investments to companies in a particular market capitalization range, but currently focuses on common stocks of mid- and large-cap companies. Equity securities in which the Fund invests may include common stocks, depositary receipts, preferred stocks, securities convertible into common or preferred stock, rights, and warrants. The Fund may but will not necessarily engage in foreign currency forward contracts to take long or short positions in foreign currencies in order to seek to enhance the Fund’s investment return or to seek to hedge or to attempt to protect against adverse changes in currency exchange rates. The Fund may use equity index futures contracts for hedging or investment purposes as a substitute for investing directly in securities. Use of derivatives by the Fund may create investment leverage. The Fund may invest in real estate investment trusts (“REITs”) and exchange-traded funds. The Fund may at times have significant exposure to one or more industries or sectors or to one or more countries or geographic regions. The Fund may hold a portion of its assets in cash or cash equivalents.
Wellington Management seeks long-term total returns in excess of the broad market with lower volatility by investing principally in a select number of high quality, large-cap companies that have the potential to sustainably compound returns over time and a willingness to consistently return value to shareholders in the form of a growing dividend. The investment process stresses security selection based on bottom-up fundamental research to identify high-quality companies that are reasonably valued relative to their long-term return potentials. Wellington Management’s investment philosophy is based on the premise that sustainable growth in dividends is an effective and often overlooked indicator of high-quality, shareholder-oriented companies that are able to produce and compound consistent, above-average returns over the long term. Wellington Management typically sells a security when the underlying business no longer exhibits superior upside return potential versus downside risk, when the sustainability of long term returns is put in question, or to redeploy assets into more promising opportunities.
TSW currently anticipates investing in at least 12 countries other than the United States. TSW emphasizes established companies in individual foreign markets and attempts to stress companies and markets that it believes are undervalued. TSW expects capital growth to be the predominant component of the Fund’s total return.
In selecting investments for the Fund, TSW employs a relative value process utilizing a combination of quantitative and qualitative methods based on a four factor valuation screen designed to outperform the MSCI EAFE Index. TSW’s analysts also perform rigorous fundamental analysis. A portfolio composed of approximately 80-110 stocks is selected as a result of this process. TSW generally limits its investment universe to companies with a minimum of three years of operating history. TSW employs a consistent sell discipline which includes a significant negative earnings revision, a stock being sold when the catalyst is no longer valid or another stock presents a more attractive opportunity.
MIZIX - Performance
Return Ranking - Trailing
| Period | MIZIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -3.4% | 32.4% | 97.47% |
| 1 Yr | 9.4% | -1.8% | 38.8% | 97.79% |
| 3 Yr | 1.2%* | -13.6% | 48.1% | 77.36% |
| 5 Yr | 4.9%* | -34.2% | 74.9% | 74.70% |
| 10 Yr | 5.2%* | 1.2% | 32.4% | 57.74% |
* Annualized
Return Ranking - Calendar
| Period | MIZIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.8% | -1.4% | 22.0% | 95.13% |
| 2022 | -15.0% | -43.6% | 71.3% | 14.72% |
| 2021 | -5.1% | -28.5% | 18.9% | 87.15% |
| 2020 | -25.5% | -90.1% | 992.1% | 99.16% |
| 2019 | 23.4% | -1.9% | 38.8% | 19.86% |
Total Return Ranking - Trailing
| Period | MIZIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -3.4% | 32.4% | 97.47% |
| 1 Yr | 9.4% | -1.8% | 38.8% | 97.79% |
| 3 Yr | 1.2%* | -13.6% | 48.1% | 77.36% |
| 5 Yr | 4.9%* | -34.2% | 74.9% | 74.70% |
| 10 Yr | 5.2%* | 1.2% | 32.4% | 57.74% |
* Annualized
Total Return Ranking - Calendar
| Period | MIZIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.6% | 3.2% | 23.8% | 91.21% |
| 2022 | -10.1% | -43.6% | 144.8% | 8.48% |
| 2021 | 6.5% | -22.6% | 56.0% | 85.04% |
| 2020 | 14.0% | -89.7% | 1010.8% | 26.76% |
| 2019 | 28.3% | 4.3% | 38.8% | 4.61% |
NAV & Total Return History
MIZIX - Holdings
Concentration Analysis
| MIZIX | Category Low | Category High | MIZIX % Rank | |
|---|---|---|---|---|
| Net Assets | 120 M | 3.3 M | 425 B | 86.12% |
| Number of Holdings | 138 | 1 | 10481 | 50.55% |
| Net Assets in Top 10 | 32.5 M | 1.01 M | 47.5 B | 83.93% |
| Weighting of Top 10 | 26.96% | 4.6% | 147.7% | 37.36% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 3.00%
- COMMON STOCK 2.97%
- COMMON STOCK EUR8.0 2.84%
- COMMON STOCK USD.1 2.70%
- COMMON STOCK 2.67%
- COMMON STOCK 2.64%
- COMMON STOCK 2.62%
- COMMON STOCK CHF.01 2.58%
- COMMON STOCK CHF.1 2.48%
- COMMON STOCK CHF.49 2.45%
Asset Allocation
| Weighting | Return Low | Return High | MIZIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.30% | 0.00% | 102.63% | 72.39% |
| Other | 3.00% | -2.12% | 47.54% | 5.62% |
| Cash | 1.60% | 0.00% | 44.84% | 54.13% |
| Preferred Stocks | 0.13% | -0.05% | 6.89% | 48.99% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 20.81% |
| Bonds | 0.00% | 0.00% | 95.29% | 26.68% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MIZIX % Rank | |
|---|---|---|---|---|
| Healthcare | 19.47% | 0.00% | 20.35% | 1.60% |
| Consumer Defense | 19.34% | 0.00% | 32.29% | 3.04% |
| Industrials | 18.91% | 5.17% | 99.49% | 11.68% |
| Financial Services | 13.67% | 0.00% | 47.75% | 89.76% |
| Consumer Cyclical | 5.95% | 0.00% | 36.36% | 94.88% |
| Technology | 5.18% | 0.00% | 36.32% | 93.12% |
| Utilities | 4.80% | 0.00% | 13.68% | 9.44% |
| Energy | 4.40% | 0.00% | 16.89% | 61.92% |
| Communication Services | 3.91% | 0.00% | 21.69% | 82.08% |
| Basic Materials | 3.87% | 0.00% | 23.86% | 89.12% |
| Real Estate | 0.49% | 0.00% | 14.59% | 69.44% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MIZIX % Rank | |
|---|---|---|---|---|
| Non US | 92.71% | 0.00% | 99.44% | 42.12% |
| US | 3.59% | 0.00% | 102.01% | 59.91% |
MIZIX - Expenses
Operational Fees
| MIZIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.10% | 0.01% | 19.62% | 42.19% |
| Management Fee | 0.83% | 0.00% | 1.65% | 84.46% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| MIZIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MIZIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MIZIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 2.00% | 247.00% | 42.53% |
MIZIX - Distributions
Dividend Yield Analysis
| MIZIX | Category Low | Category High | MIZIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.98% | 0.00% | 17.49% | 96.88% |
Dividend Distribution Analysis
| MIZIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MIZIX | Category Low | Category High | MIZIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.31% | -0.93% | 6.38% | 59.20% |
Capital Gain Distribution Analysis
| MIZIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $0.170 | OrdinaryDividend |
| Dec 12, 2023 | $0.112 | CapitalGainLongTerm |
| Dec 13, 2022 | $0.460 | OrdinaryDividend |
| Dec 15, 2021 | $0.206 | OrdinaryDividend |
| Dec 15, 2021 | $0.679 | CapitalGainShortTerm |
| Dec 15, 2021 | $0.344 | CapitalGainLongTerm |
| Dec 11, 2020 | $0.042 | OrdinaryDividend |
| Dec 11, 2020 | $0.838 | CapitalGainShortTerm |
| Dec 11, 2020 | $4.104 | CapitalGainLongTerm |
| Dec 13, 2019 | $0.131 | OrdinaryDividend |
| Dec 13, 2019 | $0.370 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.461 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.120 | OrdinaryDividend |
| Dec 18, 2017 | $0.171 | OrdinaryDividend |
| Dec 19, 2016 | $0.006 | CapitalGainShortTerm |
| Dec 19, 2016 | $0.166 | CapitalGainLongTerm |
| Dec 19, 2016 | $0.150 | OrdinaryDividend |
| Dec 17, 2015 | $0.001 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.440 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.138 | OrdinaryDividend |
| Dec 17, 2014 | $0.184 | OrdinaryDividend |
| Dec 17, 2014 | $0.010 | CapitalGainShortTerm |
| Dec 17, 2014 | $2.230 | CapitalGainLongTerm |
MIZIX - Fund Manager Analysis
Managers
Brandon Harrell
Start Date
Tenure
Tenure Rank
Aug 04, 2020
1.82
1.8%
Brandon Harrell is the Portfolio Manager for the TS&W International and International Small Cap strategies. Brandon began his career in the investment industry in 1987. Prior to joining TS&W in 1996, he worked as an Intelligence Officer at the Central Intelligence Agency. Previously he was a Securities Analyst at Growth Stock Outlook, Inc. and a High Net Worth and Mutual Fund Portfolio Manager for Capitoline Investment Service. Brandon graduated from Wake Forest University and received his MBA from George Mason University. He holds the Chartered Financial Analyst designation and is currently registered with FINRA and holds a Series 7. designation.
Peter Fisher
Start Date
Tenure
Tenure Rank
Aug 04, 2020
1.82
1.8%
Peter C. Fisher Senior Managing Director, Partner, and Equity Portfolio Manager Peter is a portfolio manager on the Dividend Growth Team. He manages equity assets on behalf of our clients, drawing on research from Wellington Management’s global industry analysts, equity portfolio managers, and team analysts. He manages the Global Dividend Growth approach and works closely with Don Kilbride on other Dividend Growth approaches. He works in our London office. Prior to joining Wellington Management in 2005, Peter worked as an equity research analyst at MFS Investment Management, where his coverage included the consumer staples, energy, and technology sectors (2000 – 2005). Peter earned his MBA from the University of Chicago (2000) and his BA in economics from Davidson College (1993).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
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